AtDTDA It's about time [Against the day everybody figures it out]

[robinlandseadel at comcast.net]

"Someday, son, this 'awl' will be yours. . . .

PYNCHON & CO SUSPENDED FOR INSOLVENCY.
Surprise? Asked whether or not Pynchon's failure was a surprise, last week Wall 
Streeters were hard put for an answer. As long ago as last September when tides 
of rumor were at a height, many things were said about the condition of Pynchon 
& Co. Widely known was the fact that Chase National Bank, perhaps assisted by 
another institution, had seen the firm through heavy trouble with loans 
estimated at from $10,000,000 to $20,000,000. Early last week the old rumor 
again leapt forth. Heavy selling came into those securities of which Pynchon & 
Co. and its customers have been fond. Yet many people thought that the Chase 
would not desert Pynchon & Co. And even the day of the suspension it was known 
that arrangements had been made to carry the firm along. Aid had been promised 
by a Chicago tycoon, the Stock Exchange had a stenographic copy of a long 
distance telephone conversation in which this aid was promised. On the strength 
of this promise, which satisfied the Exchange governors that morning before the 
market opened, Pynchon & Co. had done business as usual. But cash, not 
promises, is essential when solvency is threatened, and the aid from Chicago 
never materialized. Thus the fall of the House of Pynchon was a surprise 
in the sense that it was believed to have been forestalled. . . .

. . . .In recent years Pynchon & Co. entered the field of issuing securities. It 
has sponsored Utilities Power & Light of which Harley Clarke is president, also 
General Theatres Equipment. Inc. another Clarke-managed company. The recent 
decline in the shares of these two companies and of Fox Film Corp. are thought 
to have brought Pynchon & Co. to the breaking point. Other companies with which 
its name is associated include Consolidated Aircraft, American States Public 
Service, American Brown Boveri, Servel. As usual, Pynchon & Co. gave hope to 
creditors that not one cent would be lost, that even at present prices assets 
can meet liabilities. The extent of the money tied up is estimated at 
$40,000,000, 



                                           establishing 
                                           the failure 
                                           as the
 
                                           biggest 

                                           yet on the 
                                           New York 
                                           Stock Exchange.



http://tinyurl.com/2dcbhz

Frederick C. Tanner, Cheif Deputy Attorney General in charge of the New York 
City offices, announced yesterday that he had instituted suit against the 
brokerage firm of Raymond, Pynchon & Co. of 111 Broadway for amounts 
aggregating $180,000 representing fines for using 


                                           canceled 
                                           stock 
                                           tax 
                                           stamps.

http://tinyurl.com/24ngaz

http://tinyurl.com/2xpzgc

http://tinyurl.com/29v9ca

By referring to this multinational liaison as “the century’s master cabal,” 
Pynchon is suggesting more than corporate cooperation. He is suggesting that 
World War II was part of the “Plot Which Has No Name,” the concerted effort by 
the new dynasty to bring down the old dynasty. This is hinted at again and again 
in the book. Anyone can go to the 1942 yearbooks in any public library and get 
the information from just about any newspaper. Anyone who’s interested knows 
that John Foster Dulles's law firm, Sullivan & Cromwell, represented I.G. Farben 
during the war and after, as well as the Vereinigte Stahlwerke, and the Shroder 
Trust, formerly Hitler’s financial agent. It is all known, in the New York 
Times, in the Senate hearings, in current books about that period.

The Senate hearings led to the takeover by the US government of 97 per cent of 
the stock of the I. G. Farben’s General Aniline and Film Corporation, AGFA, and 
Ansco (see Pynchon's list, Rainbow 630), and the arrest of several GAF employees 
as spies by the FBI. These are the hidden “industrial liaisons” (243) which 
Pynchon suggests again and again. Everyone knows that war between two countries 
is insufficient grounds to fail to honor international patent rights. Business 
as usual. Loyalty to country seems a quaint nineteenth century notion in light 
of today’s multinationals. Pynchon writes:

“This War was never political at all, the politics was all theater, all just to 
keep the people distracted . . . The real crises were crises of allocation 
and priority, not among firms–it was only staged to look that way–but 
among the different Technologies, Plastics, Electronics, Aircraft, and 
their needs which are understood only by the ruling elite



 . . . human elite with no right at all to be where they are . . . 



We have to look for power sources here, and distribution networks we were never 
taught, routes of power our teachers never imagined, or were encouraged to avoid 
. . . we have to find meters whose scales are unknown in the world 
. . . to discover the Key, teach the mysteries to others.” (521)

http://www.ottosell.de/pynchon/inferno.htm

http://www.thesatirist.com/books/Vineland.html